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Watch: Hungary’s elections, Ukraine’s loan — as the April deadline nears, tensions boil over

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Home » Watch: Hungary’s elections, Ukraine’s loan — as the April deadline nears, tensions boil over
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Watch: Hungary’s elections, Ukraine’s loan — as the April deadline nears, tensions boil over

By Press RoomMarch 10, 20262 Mins Read
Watch: Hungary’s elections, Ukraine’s loan — as the April deadline nears, tensions boil over
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Published on
09/03/2026 – 10:26 GMT+1

As the old Hollywood rule goes, attributed to Alfred Hitchcock, a good thriller starts with an explosion, followed by rising tension.

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In the ongoing crisis between Hungary and Ukraine, the blast was a literal pipeline.

Since late January, the Druzhba pipeline has been down. Kyiv blames Russia for the explosion, halting Russian oil to Hungary and Slovakia.

Budapest, on the other hand, accuses Kyiv of exploiting the disruption and is blocking a critical €90 billion EU loan to Ukraine.

But escalation did not stop at financial vetoes. Hungarian Premier Viktor Orbán vowed to break the oil blockade by force, although he did not explain how.

Ukraine’s President Volodymyr Zelenskyy fired back, suggesting he would give Ukrainian troops Orbán’s phone number. Budapest condemned the remark as a death threat.

But there is a bigger picture. Both leaders are racing against brutal April deadlines. If the Ukraine loan is not unblocked by early April, Ukraine will run out of money, facing devastating cuts to public services.

Meanwhile, Orbán faces key elections on 12 April, and opposing Kyiv is his strategy to win.

That leaves the EU rushing to break the veto and deliver the cash before Ukraine goes broke, while trying not to look like it is picking a side in Hungary.

Finding that balance is really hard when this political thriller is building toward its breaking point – so take a deep breath, because the final scene is about to begin.

Watch the Euronews video in the player above for the full story.

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